io.net and FLock.io are working together to offer PoAI, a consensus mechanism for decentralized AI networks that ensures integrity and scalability.
io.net, a decentralized physical infrastructure network (DePIN), has partnered with FLock.io, a decentralized platform for AI training, to launch a new mechanism called “Proof of AI” (PoAI).
As per a press release shared with Cointelegraph, this new consensus mechanism is claimed to be the first of its kind and is designed to enhance the integrity of decentralized networks.
In a written Q&A, Milan Amin, the chief marketing officer at io.net, stated that PoAI will “enable decentralized networks to become a more trusted and scalable solution for AI applications.”
“This development aligns with the broader vision outlined by io.net, where the exponential growth in AI demands is met by decentralized networks that offer superior performance, scalability, and cost efficiency compared to traditional cloud providers.”
The New Consensus Mechanism
The PoAI mechanism aims to ensure that participants in DePINs genuinely contribute compute resources rather than just pretend to participate to earn rewards.
Amin explained that this mechanism “ensures that honest contributors are fairly compensated” while discouraging those who try to benefit without making real contributions.
“This alignment of incentives will not only enhance the profitability for genuine contributors but also ensure the long-term sustainability of the network.”
Implications of PoAI
According to Amin, PoAI “represents a significant leap forward” for the development of decentralized AI systems.
“By introducing a reliable mechanism for verifying the integrity and performance of compute resources, PoAI will enable decentralized networks to become a more trusted and scalable solution for AI applications.”
The press release further notes that the implementation of the new consensus will validate DePIN node integrity “in a decentralized and AI-native way” while compiling assessments from io.net nodes.
io.net CEO Resigns Two Days Before Token Launch
On June 10, Ahmad Shadid, co-founder of io.net, resigned “effective immediately” and was replaced by Tory Green, another co-founder and the former chief operating officer.
This change occurred just two days before the project’s token launch and was in response to allegations concerning Shadid’s past.
Shadid stated that he made the decision to step down to allow io.net to “move forward without distraction” and to “focus on its growth and success.”
